According to
documentationInvestors holding funds in SVB included $2.85 billion from venture capital fund Andreesen Horowitz (a16z) and $560 million from Pantera Capital, as well as $1.72 billion from investment firm Paradigm.
A16z is a fund that has recently opposed Uniswap’s deployment to BNB Chain. He has stakes in web3 platform Alchemy, software developer Sky Mavis, and non-fungible token makers Yuga Labs.
Pantera Capital is known for its investments in the Zcash cryptocurrency, the 1Inch exchange, and the Ankr Web3 infrastructure. Paradigm has a stake in Uniswap and has invested in the Cosmos cryptocurrency and Compound financial platform.
The report was prepared by Castle Hall based on data from US financial regulators. The report does not include recent changes in SVB deposits.
Earlier, USDC and DAI stablecoin rates got rid of the dollar due to the storage of reserves in the troubled Silicon Valley Bank.
Source: Bits
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